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Benchmark  United States  NYSE  10,566   16.312 Index Moved Down -0.15%  


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Correlation analysis between Yahoo and Oracle

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Yahoo Inc and Oracle Corporation. You can compare the effects of market volatilities on Yahoo and Oracle and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Please also check ongoing floating volatility patterns of Yahoo and Oracle.
 
 Yahoo! Inc.  vs   Oracle Corp.
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Daily Returns (%)
YHOO   ORCL   
 
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Given investment horizon of 30 days, Yahoo Inc is expected to under-perform the Oracle. In addition to that, Yahoo is 1.69 times more volatile than Oracle Corporation. It trades about -0.02 of its total potential returns per unit of risk. Oracle Corporation is currently generating about 0.13 per unit of volatility. If you would invest  3,908  in Oracle Corporation on March 25, 2014 and sell it today you would earn a total of  71.00  from holding Oracle Corporation or generate 1.82% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Yahoo! Inc. and Oracle Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.2
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs YHOO
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
YHOO   ORCL   

Yahoo Inc

 
    
Over the last 30 days Yahoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Yahoo

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Oracle Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Oracle

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